Please show work. Thank you!! QUESTION 22 Below is some of the regression output

Question

Please show work. Thank you!!

QUESTION 22 Below is some of the regression output from a simple regression of the number of wins for a major league baseball team and the size amount of money the team is paying its players (expressed in millions of $s) Wins v. Team Payroll SUMMARY OUTPUT Multiple R R Square Adjusted R Square Standard Error Observations 30 ANOVA df MS Regression Residual Total 10326 1032.6 13.7 2109.7 75.3 Upper 95% P-value Lower 95% Coefficients Standard Error tStat Intercept 67.6 16.8 3.515E-1659475.9 0.387 0.294 1 ] 0.0009 Payroll 0.0673 dteam vth apaytollof Sid niion cihae r ll of S46 million? (please express your answer using 2 decimal places)

Explanation / Answer

From output the regression equation is

wins = 67.6 + 0.294*Payroll

The predicted number of wins for Payroll = 46 is

wins = 67.6 + 0.294*46 = 81.124

Hence, predicted number of wins is 81.12.

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---